6 JANUARY 1872, Page 11

The " Schenck incident" seems to have terminated without pro-

ducing an open quarrel between the American President and the Senate. Explanations have been, it is said, received in Washington from theMinister, showing how he became connected with the Emma Mine, and stating that he has withdrawn from all commercial con- cerns, and the inquiry therefore is to be allowed to drop. The precedent was a bad one, and it is reassuring to see how warmly it was resented in the States.